Financials Sanitar Co., Ltd.

Equities

1817

TW0001817005

Construction Supplies & Fixtures

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
38.7 TWD +5.74% Intraday chart for Sanitar Co., Ltd. +6.03% +4.88%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,683 2,588 2,472 2,660 2,728 2,660
Enterprise Value (EV) 1 2,624 2,727 2,671 2,766 2,628 2,455
P/E ratio 10.6 x 14.4 x 11.3 x 12.1 x 9.44 x 11.4 x
Yield 6.22% 4.8% 5.83% 5.42% 6.08% 4.88%
Capitalization / Revenue 1.17 x 1.11 x 1.07 x 1.12 x 1.02 x 1.06 x
EV / Revenue 1.14 x 1.17 x 1.16 x 1.17 x 0.98 x 0.98 x
EV / EBITDA 6.48 x 8.59 x 7.08 x 7.36 x 5.68 x 6.54 x
EV / FCF -29.5 x 79.3 x 30.4 x 17 x 10.2 x 10 x
FCF Yield -3.39% 1.26% 3.29% 5.9% 9.8% 10%
Price to Book 1.58 x 1.53 x 1.45 x 1.49 x 1.37 x 1.32 x
Nbr of stocks (in thousands) 72,600 72,600 72,076 72,076 72,076 72,076
Reference price 2 36.95 35.65 34.30 36.90 37.85 36.90
Announcement Date 3/27/19 2/27/20 3/23/21 3/17/22 3/16/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,293 2,335 2,307 2,373 2,670 2,501
EBITDA 1 404.7 317.5 377.3 375.7 463 375.2
EBIT 1 348 246.7 289 287.2 372.6 288.6
Operating Margin 15.17% 10.57% 12.53% 12.11% 13.96% 11.54%
Earnings before Tax (EBT) 1 357.3 245.5 289.6 287.7 383.4 308.3
Net income 1 254 179.9 220.1 221.4 290.8 235.6
Net margin 11.08% 7.7% 9.54% 9.33% 10.89% 9.42%
EPS 2 3.480 2.470 3.030 3.060 4.010 3.250
Free Cash Flow 1 -88.88 34.38 87.9 163.1 257.4 245.6
FCF margin -3.88% 1.47% 3.81% 6.87% 9.64% 9.82%
FCF Conversion (EBITDA) - 10.83% 23.3% 43.4% 55.6% 65.45%
FCF Conversion (Net income) - 19.12% 39.94% 73.66% 88.51% 104.22%
Dividend per Share 2 2.300 1.710 2.000 2.000 2.300 1.800
Announcement Date 3/27/19 2/27/20 3/23/21 3/17/22 3/16/23 2/29/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 139 199 106 - -
Net Cash position 1 58.6 - - - 100 204
Leverage (Debt/EBITDA) - 0.4376 x 0.5267 x 0.2827 x - -
Free Cash Flow 1 -88.9 34.4 87.9 163 257 246
ROE (net income / shareholders' equity) 15.4% 10.6% 12.9% 12.8% 15.4% 11.7%
ROA (Net income/ Total Assets) 9.9% 6.4% 7.11% 6.8% 8.54% 6.64%
Assets 1 2,567 2,811 3,094 3,254 3,407 3,547
Book Value Per Share 2 23.40 23.30 23.60 24.70 27.70 27.90
Cash Flow per Share 2 2.920 3.290 2.290 3.720 3.400 4.130
Capex 1 363 260 43.2 31.3 19.8 32
Capex / Sales 15.82% 11.15% 1.87% 1.32% 0.74% 1.28%
Announcement Date 3/27/19 2/27/20 3/23/21 3/17/22 3/16/23 2/29/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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